Amazon +6.4% on Q1 beat with 43% sales boost; AWS +49%

“Make Amazon Pay.”

Amazon is scheduled to report its first-quarter earnings results on Thursday after the bell.

After markets closed on Thursday, Amazon reported revenue of $51.04 billion and earnings of $3.27 cents a share for the three months ended on March 31.

Key issues that are likely to be discussed during the company's earnings call: reactions to the president's anti-Amazon salvos, insight in whether Amazon Web Services can double revenue by 2020, and how much Amazon is willing to spend on Alexa. This compares with $0.72 billion, or $1.48 per share, in last year's first quarter.

Amazon.com Inc. forecast second-quarter profit that topped analysts' forecasts, buoyed by swelling ranks of Prime subscribers and a profitable cloud-computing division that's winning more corporate customers. Keybanc Capital Markets' analyst Edward Yruma recently wrote in a note that AWS is estimated double its revenue to $41 billion by 2020.

What Analysts Suggest About Rayonier Advanced Materials Inc (RYAM)?
Bank of America Corp raised shares of Rayonier Advanced Materials from a "neutral" rating to a "buy" rating in a report on Friday. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Amazon (NASDAQ:AMZN) shares pop 6.4% aftermarket on Q1 results that beat revenue estimates with a 43% revenue growth Y/Y.

Revenue: $51.04 billion versus an expected $49.96 billion.

"AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down", CEO Jeff Bezos said in a statement. Following the announcement the stock was up 7% at $1,628.00 in the after-hours session.

Related:

  • Lady Sylvia Hermon warns of 'violence' over hard border

    Lady Sylvia Hermon warns of 'violence' over hard border

    Brexit Secretary David Davis has been criticised for what has been described as a "flying visit to the Irish border". His visit coincided with claims in Dublin that Taoiseach Leo Varadkar did not share his views on the June deadline.
    South Korean Company Nexon Could Have Acquired Bitstamp

    South Korean Company Nexon Could Have Acquired Bitstamp

    Bitstamp is one of the oldest cryptocurrency exchanges in Europe founded in 2011 and is now headquartered in Luxembourg. Nexon, a multi-billion dollar worldwide group was formed in 1995 and has become the leading gaming developer in Asia.

    Old Dominion Freight Line Posts Record First-Quarter Revenue of $925 Million

    Wells Fargo & Company MN lifted its position in Old Dominion Freight Line by 1.1% during the fourth quarter. (NASDAQ:ODFL). Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, April 25th.
  • Senate Confirms CIA Chief Mike Pompeo to Be Secretary of State

    Senate Confirms CIA Chief Mike Pompeo to Be Secretary of State

    The deadline for Trump to renew the Iran deal is approaching and the president is expected to meet with Kim in May or June. Combined with his considerable experience, Mike Pompeo's strong pro-life values ought to make him a shoo-in for the job.

    Stocks To Watch This Week: Shire plc (SHPG), Frontier Communications Corporation (FTR)

    Frontier Communications Corporation (NASDAQ: FTR)'s earnings report is anticipated On May, 1 after the close., according to Zacks. United Fire Grp Incorporated Inc owns 0% invested in Frontier Communications Corporation (NASDAQ: FTR ) for 859 shares.
    Second Palestinian Journalist Dies from Israeli Bullets in Gaza Strip

    Second Palestinian Journalist Dies from Israeli Bullets in Gaza Strip

    Rights groups, the United Nations and the European Union have all criticised Israel's use of live fire against unarmed protesters. Abu Hussein was covering the weekly massive protests organized by Hamas, the militant group that controls Gaza.
  • Strong package volume gains drive first-quarter profit for UPS

    Strong package volume gains drive first-quarter profit for UPS

    Moreover, Reliance Trust Comm Of Delaware has 0.34% invested in The Boeing Company (NYSE:BA) for 7,553 shares. Carlton Hofferkamp And Jenks Wealth Mngmt Lc holds 0.79% in United Parcel Service, Inc. (NYSE: UPS ).
    Explosion at Husky oil refinery in Superior, Wisconsin

    Explosion at Husky oil refinery in Superior, Wisconsin

    The Duluth News Tribune reported at that time that the refinery, which is the only one in Wisconsin, had about 180 employees. Husky purchased the 38,000 barrel per day refinery from Calumet Specialty Products Partners LP previous year .

    Is Williams Partners (NYSE:WPZ) a Sell? What does Seaport Global Think?

    About 2.62M shares traded or 105.55% up from the average. (NYSE:AEO) has risen 39.60% since April 25, 2017 and is uptrending. After this purchase, 14,000 common shares of BWP are directly owned by the insider, with total stake valued at $156,520.
  • Mitel Networks Corporation (MITL) - Long Term Trend

    Mitel Networks Corporation provides cloud and on-site business communications and collaboration software, services, and solutions. Following the completion of the sale, the chairman now owns 54,205 shares in the company, valued at approximately $443,396.90.

    USA Technologies (USAT) Lowered to Sell at BidaskClub

    This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. The stock of Methanex Corporation (NASDAQ:MEOH) earned "Neutral" rating by Monness Crespi & Hardt on Tuesday, January 19.

    Blackrock Inc (NYSE:BLK) Big Money Sentiment Is 1.19

    Engineers Gate Manager LP acquired a new position in shares of BlackRock in the third quarter worth approximately $1,441,000. The hedge funds in our partner's database now own: 129.61 million shares, down from 130.57 million shares in 2017Q3.

Comments

Latest news

Turkish court sentences 15 Cumhuriyet staff on terrorism charges
Among them are renowned journalists , including investigative reporter Ahmet Sik, who was sentenced to seven years and six months. In addition, the president will be able to declare a state of emergency, a power now held by the government.

Woman Delivers Baby Alone In Hotel Room. She Took YouTube's Help
Freeman then got into the bathtub and had a water birth; she used the internet to teach her to cut the umbilical cord. The incident seems to be little shocking but this really happened and the lady is 22-year-old Tia Freeman .

Nevsun Resources (NSU) Received Media Impact Score of
Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. The analyst recommendations from a month ago are 7 Buy, 1 Overweight, 0 Sell, 3 Hold and 0 Underweight.

Florence + The Machine Announce New Tour Dates
Florence + The Machine will get started at the Victoria Theatre in Halifax , UK before swinging through Scunthorpe and London . The project released a new seven inch single on Record Store Day , with Florence Welch also now working on a book of poetry.

Amkor Technology (NASDAQ:AMKR) Lowered to Hold at ValuEngine
Following the transaction, the director now directly owns 42,178 shares of the company's stock, valued at approximately $463,958. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .

Tate Reveals Shortlist for 2018 Turner Prize
Forensic Architecture , based at Goldsmiths , University of London , creates "3D models of sites of conflict" to help prove wrongdoing.

Dez Bryant Reportedly Turned Down Baltimore Ravens Deal
Frederick, meanwhile, was the Cowboys' first-round pick in 2013 and has become one of the top centers in the game. Once the Ravens added Sneed to the fold, it was believed that they would be out of the running for Dez Bryant .

Cerner Corporation, (NASDAQ: CERN), Crown Castle International Corp. (REIT), (NYSE: CCI)
Total analysts of 8 have positions in Crown Castle (NYSE: CCI ) as follows: 6 rated it a "Buy", 0 with "Sell" and 2 with "Hold". Also, the number of investment professionals holding Biolase Inc in top ten holdings was flat from 1 to 1 for the same number.

EXACT Sciences (EXAS) Earning Somewhat Positive Press Coverage, Report Finds
The stock of Exact Sciences Corporation (NASDAQ: EXAS ) has "Neutral" rating given on Tuesday , October 6 by Goldman Sachs. The medical research company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.09.

TE Connectivity (TEL) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Shamrock Asset Limited Liability Corporation has invested 0% of its portfolio in TE Connectivity Ltd . (NYSE: TEL ). (NYSE:PM). Calamos Advisors Ltd Limited Liability Company stated it has 0.03% of its portfolio in TE Connectivity Ltd . (NYSE: TEL ).

Priceline Com Inc (NASDAQ:PCLN) Institutional Investors 2017 Q4 Sentiment
Following the completion of the sale, the insider now owns 24,991 shares of the company's stock, valued at $37,435,268.45. Greenbrier Partners Capital Management Ltd Company holds 0.47% in Booking Holdings Inc. (NASDAQ:PCLN) or 551,928 shares.

When The Greatest Royal Rumble Match Will Take Place On The Show
It will be coming to fans around the world live on the WWE Network from King Abdullah Sports City Stadium at 5 PM BST / 7 PM AST. His brother Ariya Daivari now works for the WWE 205 Live brand.

Which colleges produce the most NFL Draft picks?
After the Saints first-round selection, they aren't slated to pick again until the third round Friday (91st overall). Mack (Atlanta Falcons) and Alualu (Pittsburgh Steelers) are now on teams that they were not drafted by.

Hartford Financial Services Group Inc Sentiment Worsening on Low Stock Potential
Bnp Paribas Asset Mgmt Sa holds 0.07% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) or 4.53M shares. The stock rating was initiated by Citigroup with "Hold" on Wednesday , December 20. (NYSE:HIG). 53,391 are held by Ghp Invest.

Man United could offer £40m plus player to sign 27-year-old
Rose has been replaced by Ben Davies as Spurs' first choice left-back this term and the club are willing to let him go but they value him at around £55m.

Other news